Monday, June 13, 2022

Blockchain News

Blockchain is an innovative new technology that many believe will be as impactful and revolutionary in this world as the internet. Due to its disruptive potential, blockchain has become a hot topic spurring conversations at the highest levels, including in the U.S. Congress and at the United Nations.

Invented in 2008 by an anonymous person or group under the name Satoshi Nakamoto, blockchain became the public transaction ledger for a new type of currency – a cryptocurrency. Nakamoto’s creation of blockchain for Bitcoin enabled the cryptocurrency to operate free from the control of any central authority. This gave Bitcoin some unique properties not previously seen in any other payment system.

Since blockchain’s introduction to the world through Bitcoin, developers have taken the technology and applied it in countless projects. Today, thousands of cryptocurrencies exist that utilize blockchain technology, looking to either serve a similar purpose to Bitcoin or something different. Blockchain use is also being explored and applied in various industries, including gaming, healthcare, supply chain management, financial services, digital identities, energy markets, and more.

There are three main types of blockchain, public blockchains, private blockchains, and hybrid blockchains. Public blockchains are open and unrestricted, allowing anyone to send transactions or become a validator. Private blockchains are restricted, so participants need permission from network administrators to be able to use it. Hybrid blockchains share the characteristics of both public and private blockchains. This allows the developers to determine which information is kept private and what is public.

As the blockchain industry grows and develops, the problems its solves and the solutions it brings will become more significant. Here at [blokt], our professional journalists stand ready to report on any major developments that involve blockchain. You can find the latest stories here in our Blockchain News section. Likewise, you can also browse our ‘Blockchain Guides’ section for a list of helpful guides and in-depth articles on blockchain technology.

Combining the Power of Medical Genomics and the Blockchain

The world of healthcare is changing fast, and startups are looking for new and creative ways to play the space. Virtually everyone recognizes the...

Is Blockchain Ready for the Real World? – XYO Network Tries...

Since its earliest days, blockchain-based cryptocurrencies like Bitcoin, Litecoin, and Ethereum have been popular with speculators and computer programmers, but so far blockchain technology...

Bitnation – Is Blockchain Technology Moving Us Towards a Post-Nation-State World?

Many have believed that we are moving towards a post-nation-state world long before the recent explosion of interest in Blockchain technology. With an abundance...

Decensorized Ledgers: Could Blockchain Tech Free the Press?

According to independent watchdog Freedom House, internet freedom has been in decline for nearly a decade. In the West, this reflects both worrying and more positive...

Trakinvest Is Using Blockchain Technology to Teach You How to Trade

Most people wish they were better at trading, and many people do in fact try to improve. Yet, statistics show that the majority of...

Dubai 10X Initiative Puts Vehicles on the Blockchain

Dubai is actively seeking out ways to distinguish itself as the pioneer of the future. First, there was Sophia, the first robot to become...

Hacking the Job Market

Tuition fees, fierce competition amongst peers and simple access to social media have created a growing challenge for both universities and employers.  With more...

Walmart Is Planning To Use Blockchain Technology For ‘Smarter’ Shipping

On Thursday, March 1, 2018, the US Patent and Trademark Office released a patent application filed by the retail behemoth Walmart. The patent application...

Virtonomics is Expanding the World of Cryptocurrency Beyond the Tech Geeks

The recent run-up in the price of Bitcoin and other cryptocurrencies has sparked renewed interest in these virtual coins, but until now, there has...

MeetnGreetMe Aims to Make Traveling Easier and More Rewarding

Travel is one of the most rewarding activities human beings can engage in. Whether they are traveling halfway across the globe or staying closer...